Each and every person needs resources to live his/her life and for having the resources a person needs money or funds to buy them or use them. When it comes to anything either related to running a house, business or completing our basic necessities all can be fulfilled only with money or funds. We all have heard a famous quote that “Every luxury must be paid for, and everything is a luxury, starting being in its world”.
This quote even gives us briefly that for having the luxury in life money or funds is the core element. But is it possible that everyone can have all the luxury in life? No, the answer for this is a big no. Everyone is not that blessed that they have that much of money or funds available to fulfill all their desires in their business and household that they can do it. Therefore, everyone requires finance at some point of their life.
It is a very broad term but basically it is a system which consists of money, financial management, Financial instruments and investments.
Finance is anything through which a person helps in earning good profits or making money. Finance related to every transaction related to money such as borrowing money or putting your money in investment such as stock, derivatives and so on.
Recently, we can say that finance have further sub classified into two new categories that is
- Social Finance
- Behavioral Finance
In simple language we can say that finance is anything which acts as a support system for the life of a business, Individual or The government.
Now, before moving ahead in my blog I would like to request all my readers to please do write a guest post to us on the topic Write for us Finance Sharing their views and opinion regarding finance with us.
Aspects of Finance in Daily life:-
Finance plays the most vital role in our daily life as without the money there is nothing in this world these days. Here in my blog I would like to share few of the basic important aspects with my readers which are as follows:-
- It helps in fulfilling the required resources in our life which further become useful in our work related to our business or household work.
- It helps in expansion and growth of business as finance is the only thing which is needed for expansion as a primary resource and once you are done with it you can work on other factors of expansion.
- It is providing a medium of investment to people who have good knowledge about finance and financial markets.
- It helps in generating good profits for a business.
- It helps in fulfilling all the dimensions of life.
There are a lot more aspects of finance which are correlated with it and few of them have been explained above. Please do share your opinion on finance with us by sharing a post on the topic Write for us Finance” to us